PM Defends GB Power Share Acquisition to Lower Rates

PM defends GB Power share acquisition to lower rates

PRIME Minister Philip “Brave” Davis defended the government’s planned acquisition of Grand Bahama Power Company shares yesterday, saying it is intended to end higher electricity costs on the island and create uniform rates across the country.

“Worse for Whom?”: PM defends GB Power move, calls Grand Bahama system a ‘corporatocracy’

NASSAU, BAHAMAS — Prime Minister Philip Davis has defended the Government’s plan to acquire Grand Bahama Power Company, dismissing warnings that public ownership would damage the island’s economy and asking critics, “Worse for whom?” as he outlined electricity rate disparities and structural reform